The unemployment rate for December last year went down to 3.1 percent, the Department of Labor and Employment (DOLE) said on Thursday, Feb. 6. DOLE Secretary Bienvenido E. Laguesma said the latest Labor Force Survey (LFS) showed a decrease from 3.2 percent in November 2024, reflecting sustained...
Expensive tomatoes and pork pushed the rate of increase in prices of basic goods and services to 2.9 percent in January, the Philippine Statistics Authority (PSA) reported on Wednesday, Jan. 5. Last month's headline inflation matched the same rate as December 2024 but inched up from 2.8 percent in...
Private-sector economists polled by Manila Bulletin are expecting the Philippine central bank to continue reducing key interest rates during the upcoming monetary policy meeting as majority of expectations leaned towards inflation slowing slightly in January. Economists monitoring the economic...
Philreca Party-list Rep. Presley de Jesus (left), Santa Rosa City lone district Rep. Dan Fernandez (PPAB) The Energy Regulatory Commission's (ERC) past "failure" to carry out a timely rate reset--which had been detrimental to...
Job seekers attend one of Makati's job fairs. A total of 14,710 individuals were hired in 2024 through Makati's Job Referral and Placement Program spearheaded by its Public Employment Service Office (PESO), Makati Mayor Abby Binay said on Monday, Feb. 3. From January to December last year, 14,710...
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Philippine government's efforts in enhancing labor market programs and promoting job creation. In a statement on Thursday, Jan. 30, ADB said the program aims to improve the productivity and employability...
Inspired by the Jobstreet Career Con, which aims to link 15,000 job seekers to companies, President Marcos bared plans to make such large job fair every month in various places in the country. President Ferdinand 'Bongbong' Marcos Jr. graces this year’s Jobstreet Career Con, dubbed 'Creating...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Facebook) Cagayan de Oro City 2nd district Rep. Rufus Rodriguez was up in arms after his House colleague tried to cite draft documents during a recent motu proprio inquiry on the performance of...
ILOILO CITY – This city had the second highest inflation rate in the country last December but a bank executive sees this as a sign of the growth and development here. EASTWEST CEO Jerry Ngo (right) and Chief Investment Officer Bede Gomez speak during an economic briefing in Iloilo...
Local companies might struggle to retain employees as six out of 10 Filipino workers are dissatisfied with their current jobs, prompting them to seek new employment despite fierce competition for talent in the country, a global study revealed. “Almost two-thirds of employees told us they were in...
DAVAO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao logged a 1.3 percent inflation rate in December 2024, the second lowest in the country, the Philippine Statistics Authority said. FRESHWATER fish sold on the side of the highway in Pagalungan, Maguindanao del Sur. (Keith Bacongco)...
House Speaker Martin Romualdez (PPAB) House Speaker Martin Romualdez credited the Marcos administration’s economic policies for the decline in unemployment and underemployment figures. In a statement on Friday, Jan. 10, Romualdez says this...
